If you want to ask what hot topic has been in the currency circle recently, it must be the Inscription track. First, BRC-20 ORDI exploded thousands of times in one month, and then Ethereum Inscription increased 300 times in two weeks. There are many new concepts in this, and Recursive inscriptions are from ESC20. They appear in endlessly. Many people are confused and can’t tell them apart. Before they can understand them, they are so angry that they can only break their thighs.
This article will briefly explain BRC20, inscriptions, how to engrave, how to cast, and share how to tap the potential of inscriptions.
What are inscriptions?
At the end of December 2022, Casey Rodarmor appeared in the public eye with the concepts of Bitcoin Ordinals and Inscriptions, introducing NFT to the Bitcoin network.
An inscription is a digital imprint created on Bitcoin using new technology. If Bitcoin is compared to digital gold, then inscriptions are gold jewelry, and they share the same essence.
Bitcoin Inscription is a piece of metadata inscribed on Satoshis using Ordinals (ordinal numbers), and can also be called "Bitcoin NFT".
The smallest unit of Bitcoin is Satoshi (sats), 1 BTC = 100 million Satoshi. Each Satoshi is sorted through ordinal theory, has different characteristics, and has a unique number. These coins containing different rare characteristics are called inscriptions.
Friends who are interested in more knowledge about the inscriptions can do their own research.
Of course, it doesn’t matter if you don’t want to study it or don’t understand it. It won’t affect our enthusiasm for Inscription Track or make money. As long as you remember that there are three important words in Inscription Track, they are ordinarys (ordinal) and satoshi. (Satoshi) and inscriptions (inscriptions), their BRC-20 inscriptions are ordi, sats and insc respectively.
But there are some characteristics of inscriptions that you should remember (which affect making money):
1. First come, first served: The higher the GAS fee given, the higher the priority. The same gas fee is first come, first served; (PS: Mint inscription progress exceeds 90%, please remember to pull gas. If you want to complete the inscription and sell it earlier, please pull gas. These are all experiences exchanged for money)
2. Unique: As long as it is inscribed first, subsequent ones cannot inscribe it again, and inscriptions with the same characters cannot be deployed repeatedly, so it is unique;
3. Cannot be tampered with: The inscription is engraved on the coin and cannot be tampered with. There is no possibility of unlocking/additional issuance and smashing the plate.
4. More fair: everyone can mint, everyone can mint, the costs of large investors or project parties are the same as ours, and there is no rat warehouse;
5. More secure: there is no contract, no contract loopholes, no risks, and no RUG;
These characteristics are one of the important reasons why the BRC-20 inscription track is so popular. It gives the vast majority of people a fairer and safer opportunity to participate in the primary market.
After introducing inscriptions, let’s talk more specifically about why the inscription track is so popular and how to find potential inscriptions!
Why is it so popular?
1. The time has come!
There is a saying in philosophy: "Where you come from, you go back to." The Bitcoin ecosystem has been trying since 2014. It can be said that there has been no improvement after so many years. On the contrary, the ETH ecosystem started to flourish after 16-17 years. This is due to various reasons such as technology, talent and knowledge, as well as the performance of Bitcoin itself. .
Over the years, the ETH ecosystem has tried many technical paths. Some have succeeded and some have failed, but they have all accumulated technology, knowledge and experience. By 2023, perhaps enough has been accumulated to move things done on ETH to BTC, and the time has come. BRC-20 inscriptions are the vanguard of the Bitcoin ecosystem, and the BTC ecosystem has gradually begun.
2. The revolt began.
Retail investors, who account for the vast majority of people in the currency circle, are fed up with the rat warehouses, Pixiu, additional issuance/unlocking, contract backdoors/loopholes, extremely unequal primary market chips and other behaviors of various projects in the ETH ecosystem!
The BRC-20 inscriptions give us retail investors a fairer, safer, and cheaper opportunity to participate in the project. In BRC-20, there is no Pixiu, no contract, no RUG, everyone has to mint the chips, and other benefits. . It's like I'm used to being a slave of the ETH ecosystem, and suddenly I find that I'm a people in the BTC ecosystem, which is okay, so the resistance begins, and the BRC Inscription Track comes alive!
3. Someone got rich suddenly.
If there is money to be made, some people will fight for it! On March 10th, ordi was the first inscription to be deployed on the BRC-20 inscription track. The initial cost was 0.8U/1 piece, with 1,000 ordi pieces per piece. On May 8th, it reached 37U/1ordi, an increase of 46,000 times.
I participated in the mint from May 1st to 9th this year. Many inscriptions rose 10 times in one day after the mint. After buying it, the price increased 10 times or 20 times the next day. Many people made money, and they made huge profits.
Mint completed insc on May 6th (the sponsorship of this article was also provided by insc), and the cost was less than 0.01U/1 unit. The next day, on May 7th, insc increased to 0.6/1 unit, which was 60 times + in one day. I bought SHIB for 1,500 knives before the meal, and it turned into 4,500 knives after the meal.
May was the first wave of sudden wealth, and the wave of inscription track craze that started in late October and early November has allowed more people to make money. Whether it is the new sats or the old inscription ordi, there has been a 10-fold increase. Many people made money. Of course, there are also new generation inscriptions such as cats and rats, which are even more explosive!
After talking about the reasons for the explosion: the time has come, the mechanism is fairer, and many people have made money.
Next, let’s talk about how to find potential inscriptions.
In fact, ordinals (ordinal) $ORDI and Satoshi (satoshi) $SATS, whose current market value has exceeded 400 million US dollars, have already told us what potential inscriptions are, so let’s just follow them.
I summarized a few:
1. Have a strong IP concept: The advantage of having a strong IP is that anyone who enters the BRC track and understands the BTC ecology will understand this IP, which makes it faster and simpler to spread, and it is easier to form a consensus. In fact, the only ones that meet the requirements are ordi, sats and insc;
2. Have practical applications: The BRC-20 track is still in a very, very early stage. Most of them are MEME and do not generate actual benefits. If the track wants to grow and prosper, practical use cases are essential. Sats is used for unisat- Swap gas is a good use case;
3. Strong community consensus: The community has a structure and is united. If you work hard, you will have a better chance. The skyrocketing growth of ordi sats rats and others is a good example.
4. It has scarcity: only four characters can be engraved on the inscription track, which results in very few scarcity inscriptions. The scarier it is, the more likely it is to be successful in the bull market, because it is easier for funds and emotions to come in this direction.
5. The chips are dispersed, the exchange of hands is sufficient, and there are more addresses: The advantage of this is that the chips are all in the hands of those with high consensus, and they are relatively dispersed. They will not face selling pressure just because they rise a little, and it is easier to pull up higher.
6. Even if the deployment time is early, it can barely count as one.
If you think there are other features, please tell me in the comment section. Of course, the Inscription Track has many projects, which have been sorted out, as shown below↓↓↓
At present, many investment institutions and large investors/whales have not entered the market yet. The more they meet these conditions, the more likely they are to be attracted by them. However, they do not have chips and need to buy in the market, so the inscriptions that are attracted by them will naturally skyrocket. Of course, the first two to bear the brunt are ordi and sats, but they will definitely not be the only two. If you ambush correctly, you can make huge profits directly.
The BRC-20 track is really very early. It is less than 3 billion U.S. dollars now. Compared with Bitcoin’s 710 billion U.S. dollars and the ETH ecosystem’s 270 billion U.S. dollars, it is too small. The future space is very huge. If you can, start early. Get involved.
Finally, let’s talk about inscription insc. insc represents the concept of inscriptions (inscriptions), which has a strong IP concept and scarcity attribute. At the same time, as long as you play the inscription track, whether it is BRC20 inscription, ARC20 inscription, SRC20 inscription, ERC20 inscription, or PRC20 inscription, it will be an inscription, no matter When you trade in unisat or OKweb3 wallet, what you trade are inscriptions; whether you check the browser or your own wallet, inscriptions will appear in front of you; whether you want to buy inscriptions or inscribe, they will appear in In front of you, it’s just whether you realize it or not.
The BRC-20 inscription insc, which represents inscriptions and inscribe, currently only has a market value of 0.016 billion, which is 100 times more than the US$400 million market value of ordi and sats, which also have strong IP concepts!
From October to the present, driven by expectations of spot Bitcoin ETFs, the general rise in various concepts from BRC20, Solana Ecosystem to GameFi has been overwhelming, and the market restart seems to only take a moment.
Market hot spots rotate rapidly
1. Bitcoin Ecology: ORDI leads the way
2. .Solana Ecology: SOL brings about Indian Summer
3. FTX Reorganization Concept
4. PoW ecology and AI ecology: KAS, TAO
What concepts might take over?
1. ETF derivative concepts
As the time for the U.S. SEC to make a decision on ETFs is getting closer and closer, in addition to Bitcoin and Ethereum, which are currently focused on by the market, BCH, LTC, and DOT undoubtedly also have huge room for subsequent speculation and imagination, and the recent DOT Compensatory increases should also include this expected catalyst.
2. Cosmos ecology is gaining popularity
Many ecosystem projects in the Cosmos system have hit record highs one after another. Among them, NTRN should be related to the community proposal of "deployment of smart contracts in licensing mode". As Cosmos currently focuses on the consumption chain of smart contracts, this proposal is equivalent to broadening the applicable contracts of cosmWASM. Scene is the most direct benefit.
Generally speaking, hot spots have been emerging recently, the bull market seems to be vaguely audible, and the bears are still approaching. The market is actually waiting for the boots of the spot Bitcoin ETF to finally land.
In this context, remaining cautiously optimistic, always observing and actively participating may be the only thing that can be done in the current hot market atmosphere.
